#Republicans are more likely to own cryptocurrency.#

A two-year study conducted by the University of Pennsylvania revealed that Republicans hold cryptocurrencies at a significantly higher rate than Democrats, at 41% and 32%, respectively. The study found that Republicans have a higher level of trust in cryptocurrencies, particularly in southeastern states like Texas, where adoption rates lead the nation. The study points out that Republicans tend to favor decentralized cryptocurrencies because their decentralized nature aligns with their preference for limited government and individual control. In contrast, Democrats are more supportive of the traditional banking system. Since Trump's re-election in 2024, the percentage of Republicans holding cryptocurrencies has risen significantly, and the Republican party plans to introduce a comprehensive crypto market regulatory bill within the next 100 days to clarify the regulatory framework for the US digital asset industry.